Invinity Energy Systems (LON:IES) Shares Down 7% – Here’s What Happened

Invinity Energy Systems plc (LON:IES)’s share price dropped 7% during mid-day trading on Monday . The stock traded as low as GBX 19.50 and last traded at GBX 20. Approximately 973,796 shares were traded during trading, a decline of 46% from the average session volume of 1,802,773 shares. The stock had previously closed at GBX 21.50.

Invinity Energy Systems News Roundup

Here are the key news stories impacting Invinity Energy Systems this week:

• Neutral Sentiment: The most recent reports concern South Korean securities firms, including NH Investment & Securities, Mirae Asset Securities and Hanwha Investment & Securities, and their equity-linked or derivative-linked bond offerings. These announcements do not affect Invinity’s operations, financing or valuation. NH Investment & Securities Launches USD-Denominated KOSPI200 Equity-Linked Bond
• Neutral Sentiment: Other supplied reports cover unrelated companies such as Clover Health, PFSweb and Gloo. Their insider-trading and institutional-positioning data provide no direct signal for IES investors.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 60 price target on shares of Invinity Energy Systems in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 60.

Invinity Energy Systems Trading Down 0.1%

The company has a market cap of £108.64 million, a price-to-earnings ratio of -3.74 and a beta of 1.00. The company’s 50 day moving average price is GBX 23.27 and its 200 day moving average price is GBX 23.64. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.00 and a current ratio of 3.81.

Invinity Energy Systems Company Profile

Invinity Energy Systems plc (AIM: IES) is a world-leading manufacturer of vanadium flow batteries for energy storage. Built in our factories in the UK and Canada, the Company’s proven, commercialised, longer duration energy storage technology has been deployed at scale and dispatched gigawatt-hours of electricity for customers across the world.

Invinity’s safe, scalable and durable battery technology is a trusted and safer alternative to lithium-ion batteries. Endurium VFBs are engineered for heavy-duty, high throughput applications, they don’t wear out, cannot catch fire and are designed to be operated for 30 years or more.